Moreton Bay Regional Council has handed down its $563 million budget for 2017-18, which will continue to deliver significant investments in the lifestyle
of the growing Moreton Bay community, while maintaining a strong economic result for the region.

Mayor Allan Sutherland said he was proud to deliver council’s seventh consecutive budget in surplus, further cementing Moreton Bay Regional Council’s reputation
as one of the strongest and most financially stable councils in Queensland.

“In 2017/18, council will continue to invest in projects and programs which stimulate our local economy, maintain business confidence, and create jobs
for our residents, while working to keep rates as low as possible,” Mayor Sutherland said.

“Through a $195.1 million capital works program, we will also continue to deliver important community infrastructure which enhances the lifestyle of one
of Australia’s fastest growing regions, including roads, parks and sporting facilities, and game-changing economic projects like The Mill at Moreton
Bay.

“The Mill at Moreton Bay has already been declared a development of state significance and is expected to deliver up to 6,000 jobs, 10,000 university student
placements and up to $950 million in economic benefit across the next two decades.

“This transformative project will continue to charge ahead in 2017/18, with council welcoming a $35 million grant from the Federal Government for civil
works and a further commitment of a concessional loan to the University of the Sunshine Coast to support construction of the university campus, expected
to commence in 2018.

“In 2017/18 council will also invest $87 million in major road and transport upgrades across our community, including safety improvements and major intersection
upgrades that make getting around our region easier.”

“Our region’s many parks, playgrounds and sporting facilities will benefit from a $29 million capital boost, while a further $46.5 million will be spent
on the vital operations and maintenance of these important community assets,” Mayor Sutherland said.

“Moreton Bay’s world-class sporting facilities are increasingly becoming the envy of many other communities across Australia and in 2017/18 we will continue
to invest in major sporting upgrades including: